As a major player in renewable energy, Boralex is at the forefront of a changing world.

Our mission

Boralex is a major player in renewable energy specializing in four sectors of activity: wind, solar, hydroelectricity, storage and thermal.

We have been based in Kingsey Falls, Quebec, Canada, for 30 years and have since expanded our horizons and established our business in the United States and France.

Our purpose

On our planet where electricity is central to fighting climate change, we have a responsibility to produce it sustainably for future generations.

Our mission

At Boralex, we provide renewable and affordable energy for all, creating value to share with our partners.

Our vision

To achieve our missions, we rely on the best of our strengths.

Thanks to our fearlessness, our discipline, our expertise, and our diversity, we continue to be an industry leader.

And we do it with pleasure.

Our values

We act in a socially responsible manner and we remain true to our values:

TEAM SPIRIT
Build on each other’s differences to succeed together

RESPECT
Act ethically and with a sense of duty

ENTREPRENEURSHIP
Decide with agility and courage

CREATIVITY
Go further with resourcefulness and ingenuity

COMMUNICATION
Cultivate the exchange of ideas to create an open and lasting dialogue

Why Invest

Boralex is listed on the Toronto Stock Exchange under the symbol BLX.

We are committed to creating enduring value for our shareholders while fostering social acceptability and respect for the environment.

Our growth is firmly grounded in a long-term vision. We develop and acquire renewable energy production sites that deliver attractive, risk-adjusted returns on invested capital.

Along with the financial objectives, Boralex’s CSR objectives were integrated into the Corporation’s strategic plan during the year 2020 and are an integral part of its business model. Doing so contributes to creating value in a sustainable, long-term manner. See our 2020 CSR Report.

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Governance

Executive Committee

A team of experienced managers ensures Boralex’s success. We are proud to present our key management personnel.

Click here to see the Executive Committee

Our role in the battle against climate change

Climate change is an irrefutable reality caused largely by an increase in the concentration of greenhouse gases (GHGs) in the atmosphere.

Human activity is mainly responsible for this phenomenon, particularly the use of fossil fuels. By producing renewable energy, Boralex is actively involved in the fight against climate change.

Our Board of Directors

In order to combine our shareholders' interests with the realization of our mission, the diverse group on Boralex’s Board of Directors assists in the decision-making process. Our current Board of Directors:

Click here to see the Board of Directors

The members of Boralex’s executive committee draw on the policies and procedures adopted by the Board of Directors to guide and manage Boralex’s business activities and internal affairs.

Policy/Procedure Objectives:

  • To help us continue to grow and enhance the long-term value of our company for shareholders.
  • To be mindful of the interests of the various groups involved in our activities.
  • Look over our growth strategy.

Documents (PDFs) with important information about our governance practices, ethical values and policies:

Our objectives in governance

Accountability, transparency, recognition of stakeholder interests and respect for human rights are the pillars of effective and sustainable governance on which Boralex is built.

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Our History

Our sustainable company has come a long way since its beginnings and is now a major player in the field of renewable energies. Our story:

1990

Cascades, a Quebec company specializing in manufacturing, processing and marketing packaging products and paper mainly composed of recycled fibres, moves into the energy sector by setting up the first natural gas cogeneration plant in Canada (at Kingsey Falls, a few steps from Cascades' head office).

1995

Through its Cascades Energy subsidiary, Cascades acquires Boralex, a joint venture founded in 1982 by a group of businesspeople. The head office is established in Kingsey Falls.

1998

Entry into the wood-residue thermal power generation market with the purchase of the Stratton power station in Maine, USA.
Acquisition of La Rochette hydroelectric power station, our very first power plant in France.

2002

First foray into the field of wind power generation with our first wind site in France, Avignonet-Lauragais, which allows us to diversify our sources of production and continue our development in this country.

2003

Acquisition of five new hydroelectric facilities in the State of New York, USA, with a total capacity of 23 MW.

2005

Inauguration of our largest wind site in France, Ally-Mercoeur (39 MW), which triples our net installed capacity.

2008

Continuing our expansion in the Canadian wind power sector: a consortium of Boralex and Énergir, with the collaboration of the Séminaire de Québec, is awarded two wind projects through a Hydro-Québec call for tenders. The Seigneurie de Beaupré wind farms have an installed capacity of 272 MW and will begin operations in 2013.
Strengthening our presence in Ontario by acquiring the rights to nine wind farms, now known as Thames River (90 MW).

2009

Acquisition of a hydroelectric generating station with an installed capacity of 14 MW in Ocean Falls, our very first plant in British Columbia, Canada.

2011

Inauguration of our Avignonet-Lauragais, in the Occitanie region of France. The solar park, with an installed capacity of 5 MW, is located on our Avignonet-Lauragais wind farm, in operation since 2002. This is the first mixed production site in France.

2012

A transitional year for us: reduction of our thermal asset burden to favour the acquisition of long-term contracts in the wind and hydroelectric sectors.

This financially advantageous strategy leads us to develop and build the Témiscouata wind farms in Quebec (76 MW), five wind farms in France (totalling 123 MW) and the Jamie Creek hydroelectric plant (22 MW) in British Columbia.

2014

Acquisition of Enel Green Power France, including its plants already in operation (186 MW), those under construction (10 MW) and its 310 MW projects in development.

This makes us the largest independent producer of wind energy in France, in addition to increasing our capacity by 25%, to total 940 MW worldwide.

2015

Our 25th anniversary highlighting our progress since 1990.

2016

First foray into Scotland by acquiring a portfolio of projects with Infinergy.
Joint venture with Alberta Wind Energy Corporation to develop projects in Alberta and Saskatchewan, Canada.

2017

Caisse de dépôt et placement du Québec, one of Canada’s leading institutional investors, purchases of all Cascades’ Class A common shares making them our principal shareholder. Our company now becomes a major player in the global renewable energy market.
Largest acquisition in our history in Canada: 230 MW Niagara Region Wind Farm.

2018

Acquisition during the summer of Invenergy Renewables' interest in 5 wind farms in Quebec, increasing our installed capacity to 1,820 MW.
Increase of our global installed capacity by more than 11% from 1,456 MW to 1,619 MW.
Acquisition of the Kallista Energy Investment SAS portfolio and consolidation of our position as top independent producer of wind energy in France by increasing our installed capacity from 609 MW to 772 MW.

2019

Boralex announces the largest renewable energy refinancing arrangement in France, totalling $1.7 billion.
Boralex reaches an installed capacity of 2,000 MW worldwide!

2020

Commissioning of the Cham Longe wind farm repowering (France, Ardèche) 12 of the 14 wind turbines were replaced by more powerful and technologically more advanced machines, resulting in the production being twofolded.
Boralex expands in the United States and announces agreements to acquire interests in seven solar plants in California, Indiana and Alabama.

A new chapter begins. After 14 years spent growing a young, yet bold Quebec-based company into a renowned and cutting-edge international player in the renewable energy industry, Patrick Lemaire bows out as Boralex’s CEO.

Patrick Decostre, Boralex Europe’s first employee, takes over as head of the company on December 1st.

Boralex reaches a significant mark : 1GW of installed capacity in France! We now power more than 500,000 French homes with green electricity.

2021

On February 4th, 2021, Boralex signed a power purchase agreement with Hydro-Quebec for the Apuiat wind project, in partnership with the Innu Nation in Quebec. This allowed the historic project to move forward.
On February 25th, 2021, Boralex unveiled its first CSR report. As a pioneer, Boralex is the first organization in the renewable energy sector to promote a fully integrated vision by giving as much importance to achieving its CSR strategy as it does its strategic plan and its four strategic directions.

On June 17, 2021, Boralex unveils its 2025 Strategic Plan.

Boralex continues to build on the four key strategic directions of the plan launched in 2019: growth, diversification, customers, and optimization. The strategic plan also integrates Boralex’s corporate social responsibility (CSR) strategy.

On December 2, 2021, Boralex unveils its new signature: Beyond Renewable Energy.